Section 1 — Object of this Act Section 2 — Application Section 3 — General responsibility Section 4 — Responsibilities of Minister Section 5 — Powers of Minister Section 6 — Responsibilities of Chief Director Section 7 — Duties of a Principal Spending Officer Section 8 — Controller and Accountant-General Section 9 — Deputy Controller and Accountant-General Section 10 — Budget Office Section 11 — Oversight of Parliament Section 12 — Application of sections 13 to 17 Section 13 — Fiscal Policy principles Section 14 — Fiscal Policy objectives Section 15 — Fiscal Strategy Document Section 16 — Fiscal policy indicators Section 17 — Cabinet to adhere to targets in Fiscal Strategy Document Section 18 — Suspension of rules or targets Section 19 — Salary negotiations for public sector Section 20 — Guidelines for preparation of annual budget Section 21 — Annual budget Section 22 — Approval of annual budget by Parliament Section 23 — Expenditure in advance of appropriation Section 24 — Budgeting on a gross basis Section 25 — Commitment of approved budget Section 26 — Expiry of appropriation Section 27 — Performance report Section 28 — Mid-year review Section 29 — Re-allocation of funds from a covered entity Section 30 — Budget implementation by Principal Spending Officers Section 31 — Cash flow forecast Section 32 — Virement Section 33 — Multi-year expenditure commitments Section 34 — Submission of half-yearly reports on budget implementation Section 35 — Supplementary budget Section 36 — Contingency Fund Section 37 — Creation of Sinking Fund Section 38 — Sources of money for the Sinking Fund Section 39 — Administration of Sinking Fund Section 40 — Bank account of the Sinking Fund Section 41 — Payment from Sinking Fund Section 42 — Accounts and audit Section 43 — Annual report and other reports Section 44 — Transfer of money Section 45 — Management and use of Government moneys Section 46 — Treasury Single Account Section 47 — Collection, deposit and retention of Government revenue Section 48 — Consolidated Fund Section 49 — Investment of balances on the Consolidated Fund Section 50 — Spending from the Consolidated Fund Section 51 — Bank account management Section 52 — Custody and management of assets Section 53 — Abandonment of claims and write off of public funds Section 54 — Functions of the Public Debt Management Office Section 55 — Government borrowing and debt management Section 56 — Approval of Parliament of terms and conditions of government borrowings Section 57 — Borrowing purposes Section 58 — Debt management objectives Section 59 — Debt management strategy Section 60 — Annual borrowing and recovery plan Section 61 — Issuance of government debt securities in the domestic debt market Section 62 — Issuance of government debt securities abroad Section 63 — Borrowing from banks and other financial institutions Section 64 — Other market transactions Section 65 — Status of Government debt Section 66 — Government guarantees Section 67 — Government lending Section 68 — Supplier’s credit agreements entered into by Government Section 69 — Finance lease agreements entered into by Government Section 70 — Record of government debt and finance arrangements Section 71 — Publication of government debt and finance arrangements Section 72 — Annual report to Parliament Section 73 — Borrowing by local government authorities, public corporations and state-owned enterprises Section 74 — Borrowing by local government authorities Section 75 — Reporting requirements of local government authorities Section 76 — Borrowing by public corporations and state-owned enterprises Section 77 — Reporting requirements of public corporations and state-owned enterprises Section 78 — Power to appoint agents Section 79 — Submission of financial statements Section 80 — Annual accounts Section 81 — Consolidated annual accounts Section 82 — Changes to accounting or classification system Section 83 — Internal audit Section 84 — External audit Section 85 — Report on findings and recommendations Section 86 — Establishment of Audit Committee Section 87 — Composition of Audit Committee Section 88 — Functions of Audit Committee Section 89 — Submission of consolidated audit accounts of local government authorities Section 90 — Duty of governing body of public corporation and state-owned enterprise Section 91 — Collection and receipt of moneys due to public corporations Section 92 — Removal of directors of a public corporation Section 93 — Annual financial plan of public corporations and state-owned enterprises Section 94 — Financial directives to public corporations and state-owned enterprises Section 95 — Accounts and audit of public corporations and state-owned enterprises Section 96 — Offences and penalties Section 97 — Surcharge Section 98 — Penalty for contravention of this Act Section 99 — Waiver of sovereign immunity Section 100 — Fiscal impact analysis of legislation and proposals Section 101 — Regulations Section 102 — Interpretation Section 103 — Repeals and savings Section 104 — Transitional provisions Schedule